Revenue Update on Partner Communications Company Ltd (ADR)(NASDAQ:PTNR)

Partner Communications Company Ltd (ADR)(NASDAQ:PTNR) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 23, 2016. Earnings per share were $0.03.

Partner Communications Company Ltd (ADR) (PTNR) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -1.47% at a volume of 3,385. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.84. The peak price level was also seen at $4.84 while the days lowest was $4.67. Finally the shares closed at $4.69. The 52-week high of the shares is $5.5 while the 52-week low is $4. According to the latest information available, the market cap of the company is $733 M.

Partner Communications Company Ltd. is a telecommunications company. The Company operates through two business segments: Cellular segment and Fixed-Line segment. The Company’s Cellular segment includes cellular communication services such as airtime calls international calls messaging browsing content services roaming services and from other operators’ usage of the Company’s cellular network. The Company’s Fixed-line segment includes a number of services provided over fixed-line networks such as Internet services (ISP) as well as home Wi-Fi networks international long distance call services (ILD) services transmission services and voice over broadband (VOB) telephony services. The Company markets its cellular services mainly under the Orange brand. The Company also markets its fixed-line services under the 012 Smile brand and some of its cellular services under the 012 Mobile brand.

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